BANKS banks and financial institutions

banks to face super profits tax?

  1. 24,765 Posts.
    "...European Commission president Jose Manuel Barroso has said that a tax on the financial sector could slash in half the member states' contributions to the EU budget.

    The commission has called for the introduction of an EU sales tax and financial services tax as part of an overhaul of the next EU budget.

    Barroso added: "These are very delicate talks. We need courage to reform a system which is too complex and has seen its day."


    My comment:
    So in these tough times our banking sector could also face
    new financial taxes.
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